powered vehicles, that hold promise for the future. But the reality is none are currently close to being commercially competitive with gasoline- and diesel-powered vehicles based on the internal combustion engine. Some new fuel-saving technologies, like hybrid vehicles, are commercial today and increasingly competitive in the market place. They are examples of how technological advances will enable us to more efficiently utilize our oil resources and minimize the impact on the environment. Let me clarify a popular misconception. We in Saudi Arabia are not opposed to energy conservation, efficiency gains or even alternative fuels. The reality is that we will need a lot of BTUs in the future and that means there will be a role for all forms of energy and technologies. Energy conservation and efficiency are important because they allow us to do more with the resources we have. --More 1912 Local Time 1612 GMT
